Regional bank stocks have been closely followed in recent days amid concerns over the broader sector.
Category: Finance News
Fed hikes rates by a quarter percentage point, indicates increases are near an end
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits
The IRS intends to tax some non-fungible tokens as collectibles, it said in a notice Monday. Profits carry a higher top tax rate than stocks and crypto.
The Fed forecasts just one more rate hike this year
The Fed will hike interest rates just one more time in 2023 before the central bank ends its battle against inflation, according to its median forecast.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Feb. 1.
Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more
These are the stocks posting the largest moves in midday trading.
JPMorgan Chase buys data platform for startups in push to serve venture capital investors
The deal is the latest in a string of fintech acquisitions made under CEO Jamie Dimon. Since 2020, JPMorgan has acquired a half-dozen startups.
XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
XRP, a cryptocurrency closely associated with Ripple, surged over 11% on Wednesday as investors grew hopeful the firm would win its legal battle with the SEC.
Stocks making the biggest moves premarket: GameStop, Luminar Technologies, Virgin Orbit & more
Shares of Richard Branson’s Virgin Orbit Holdings soared on a report it is nearing a $200 million investment deal, rescuing it from potential bankruptcy.
Here’s everything the Federal Reserve is expected to do Wednesday
The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.